Binance U.S. might increase 'couple hundred million' in funding, CEO says

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By Nikhil Nainan
(Reuters) – Binance’s U.S. unit might increase a “couple hundred million” {dollars} in a funding spherical set to shut in a month or two and the worldwide cryptocurrency trade has additionally selected a brand new headquarters, its chief government Changpeng Zhao stated on Friday.
Talking on the Bloomberg New Economic system Discussion board in Singapore, Zhao stated the agency’s U.S. affiliate has the choice to go for an preliminary public providing (IPO) utilizing rival Coinbase for instance, and that he was not ruling out itemizing the dad or mum firm in future.
“I feel it is a couple hundred million {dollars},” Zhao, who’s also called “CZ”, stated on the occasion, including that he would not know the precise variety of the proposed contemporary funding.
“For an IPO perspective, …

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